YEARS
This is the 11th article in
WATT Global Media's
100-year anniversary series.
Poultry, aquaculture set to
dominate protein markets
Aquaculture and poultry are winning the competitive
battle for share of the global farmed animal protein
market.
THOMAS ELAM
There are major differences in competitiveness among the diverse species that make up the global animal
protein supply. The winners in this
competitive battle are the species
that are highly desired by consumers and efficient to produce.
Global protein production
trends clearly show who is winning and who is falling behind. If
1990-2014 growth rates persist,
chicken will overtake pork as the
No. 1 meat by about 2020. In the
not-too-distant future aquaculture
could overtake chicken.
Dramatic differences in
growth rates among proteins
Within total protein supply, ability to compete is revealed by production trends. The fastest growing
species are those that are suitable
Compound annual growth rates, selected proteins
1990-2014
Total aquaculture
Other poultry
Chicken
Hen eggs
Meats, eggs & aquaculture
Other meats
Total meats
Pork
Turkey
Sheep & goats
Global population
Beef & buffalo
7.4
5.4
2.8
2.8
2.4
2.3
2.0
1.7
1.6
1.3
0.9
0
1
2
3
4.3
4
5
CAGR (%)
for large scale production and the
most feed efficient. (See Figure 1)
Figure 1 contains 1990 through
2014 Compound Annual Growth
Rates (CAGR) history for the
major meats, eggs, aquaculture
(farmed fish and shrimp), several
minor meat categories, plus global
population. The items are sorted
from fastest to slowest growth rate.
The only item growing slower than
population is beef and buffalo.
The clear majority of that category is beef. Total meat, egg and
aquaculture production is growing
1.5 percentage points faster than
population, indicating a 1.5 percent
annual global per capita growth.
Beef and buffalo production is
growing much slower than global
population, and average per capita
consumption is shrinking.
Feed efﬁciency drives growth
6
7
Source: Food and Agriculture Organization (FAO) FISHSTAT, FAO PRODSTAT
FIGURE 1: If growth rates persist, chicken could overtake pork as
the most-consumed meat by about 2020.
8
Looking at the table's CAGR
rankings, the higher ranked categories are generally the most feed-efficient protein producers, and lower
ranked are less feed efficient. Feed
efficiency is related to production
www.WATTAgNet.com ❙ November 2017